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Getting pre-approved is one thing. Knowing how that number breaks out per month is another—and one that new buyers may not fully understand. Our REALTORS® work with buyers throughout Long Island who fall in love with the principal/interest piece and realize too late that taxes, insurance, and other items have to be added on as well.
Lenders love to use an all-encompassing acronym to describe your housing costs, PITI (principal, int...
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